secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001157523-22-000925
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flowserve Q2 bookings up 9.6% to $1.04B; adj EPS $0.30 beats expectations; affirms 2022 adj EPS guidance
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- Bookings $1.04B +9.6% YoY (+14.5% CC); backlog $2.32B highest since Q3 2015.
- Reported EPS $0.34 includes $10.1M below-the-line FX gain; adjusted EPS $0.30 beats expectations.
- Sales $882.2M down 1.8% (up 2.8% CC); sequential revenue growth 7.4% drove 60% incremental adj. op. margin.
- Affirmed 2022 adj. EPS guidance; warns if USD persists strong, full-year results at low end of ranges.
- Expects exit Q4 2022 adj. operating margin in 12-14% range.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000115752322000925/0001157523-22-000925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000115752322000925/a52793304.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000925

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer